Ethereum Falls Below $3,100; Market Finds It Risky

Ethereum Below $3,100 with a Risky Market Outlook

Ethereum has fallen below $3,100 for the first time since November 4th. As of November 16 at 21:35 UTC, the Ethereum token has depreciated by 3.4% in the last 24 hours.

Investment manager Timothy Peterson noted that Ethereum exchange-traded funds (ETFs) have experienced an outflow of approximately 7% on a cost basis over the past five weeks. This situation in the markets indicates that investors view Ethereum as riskier than Bitcoin.